HIGHOutside partyCustomer
61%
two purchasers
“10-K Item 1A: 'In 2025, there were two purchasers who accounted for an aggregate 61% of the total revenue attributable to Magnolia's assets'”
MGY · Concentration risk · 10-K extracted
Magnolia Oil & Gas (MGY) concentration risks
Updated
The most significant concentration Magnolia Oil & Gas discloses is two purchasers at 61%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Magnolia Oil & Gas’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
South Texas
“10-K Item 1A: 'Substantially all of Magnolia's producing properties are geographically concentrated in South Texas'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two high-share, interlocking exposures — a customer dependency and a geographic concentration — that together describe a focused, undiversified operating model. On the demand side, two purchasers accounted for an aggregate 61% of total revenue attributable to the company's assets in 2025 — a high-share customer dependency. With the majority of revenue flowing through just two buyers, the loss of or pricing deterioration from either counterparty could move reported revenue materially. The character is dependency, not structural: these are specific commercial relationships with counterparties whose sourcing decisions can change. On the geography side, substantially all of the company's producing properties are concentrated in South Texas — a high-share, structural exposure. Unlike the customer dependency, the geographic concentration is inherent to where the reserves sit; it cannot be quickly altered without acquisitions. South Texas concentration means that regional geology, infrastructure, and weather risks — including pipeline egress constraints, severe weather events, or basin-specific production dynamics — flow through virtually all of the asset base simultaneously. The two concentrations compound each other: if the two buyers were to become unavailable or offer materially lower prices, the geographic isolation of South Texas may limit the speed with which alternative marketing arrangements could be established. On balance, the profile is among the more concentrated disclosed: high-share on both customer and geography dimensions, with the two variables — buyer relationships and South Texas basin conditions — jointly determining outcomes.
For the engine’s reasoning on MGY’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas E&P
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BKV | BKV Corporation | 4 | 0 | 0 | 4 |
| CHRD | Chord Energy Corporation | 2 | 1 | 0 | 3 |
| MGY● | Magnolia Oil & Gas Corporation | 2 | 0 | 0 | 2 |
| BSM | Black Stone Minerals, L.P. | 1 | 1 | 1 | 3 |
| APA | APA Corporation | 0 | 0 | 0 | 0 |
| AR | Antero Resources Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.